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Rhetan TMT executes MoU with Government of Gujarat

13 Jan 2024 Evaluate

Rhetan TMT has executed a Memorandum of Understanding (MoU) in Gandhinagar, as a part of the Investment Promotion Activity for the Vibrant Gujarat Global Summit 2024. This significant agreement has been executed between the Company and the Commissioner of Municipalities Administration, Government of Gujarat, with a shared vision for the establishment of a solar power plant involving a proposed investment of Rs 40 crore.

The primary objective of this initiative is the establishment of a solar power plant for captive consumption, specifically tailored to meet the energy demands of the company’s factory located in Kadi, Gujarat. By harnessing solar energy on-site, the company aims to substantially reduce its reliance on conventional electricity sources, contributing to the overarching goal of promoting sustainability through the utilization of renewable energy.

The anticipated commencement year for this groundbreaking project is set for the year 2025. Under this agreement, the Government of Gujarat will support the company in obtaining the necessary permissions, registrations, approvals, clearances, etc., from the relevant state departments. This facilitation will adhere to the existing policies, rules, and regulations of the State Government for the aforementioned project(s) in Gujarat, ensuring a time-bound process.

Rhetan TMT manufactures TMT Bars and Round Bars which are primarily used in the construction industry and its products have been used in the construction of dams, bridges, residential and commercial towers, and major infrastructure projects in Gujarat.


Rhetan TMT Share Price

25.55 0.53 (2.12%)
10-Apr-2026 16:59 View Price Chart
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